FinanceIT has raised $13 million for its platform that lets small businesses offer flexible payment options to their consumers. So go ahead, buy that Sea Doo.
Editor’s Pick Want a coffee? Now you can pay in Bitcoin.
The world’s first Bitcoin ATM is opening up for business this morning at a coffee shop in Vancouver, Canada. You can now buy, sell, and trade Bitcoin at a real, physical machine, depositing cash and checks for Bitcoin.
This “Fitbit for personal finance” calculates your total income, recurring bills, and recommended savings for each month, and gives you a breakdown of what you can spend that day, week, and month.
Jemstep has raised $4.5 million for its online portfolio manager that looks at your existing investment portfolio, and uses data analytics to recommend how to best invest your 401K savings.
Prosper powers a peer-to-peer marketplace that connects people who need to borrow money with people who can lend it to them. This brings its total capital raised to nearly $120 million.
Yodlee Interactive is an ecosystem of financial apps that banks can easily integrate and resell to their customers. The goal is to build the worlds’ greatest developer community around financial services.
Commonbond powers a platform that connects student borrowers with lenders who can help pay for their education. In the next year it will fund $100 million in student loans.
AvantCredit looks at a range of data sources and uses machine learning to determine lending risk, rather than relying solely on a credit score. The platform can approve and fund a loan in near real-time.
Tradescape’s “financial clearing” technology automates financial reconciliation, clearing, billing, settlement, invoicing, reporting, and auditing for ad publishers and content publishers.
EquaMetrics has closed $4.5 million in funding for its platform that helps investors with no programming experience create their own trading algorithms.
Social Finance (SoFi) is a startup with a simple solution to the student debt crisis. The company taps college alumni as a funding source for students loans.
BackOps provides cloud-based accounting, HR, and finance services for small businesses with a combination of software and crowdsourced team of ’riveters.’
Payments startup Braintree is on a mission to conquer the European market before competitors or clones.
“Larry Ellison has done a lot of hand-waving about the cloud,” CEO Dave Kellogg told me this morning. “But I haven’t seen any traction for Oracle moving any existing products into the cloud. They’re trying, but their customers are getting there faster than Oracle is.”
Dataminr has closed $30 million for its real-time analytics service that gives financial clients alerts about relevant breaking news before news outlets even find out.
Bloomberg is launching a new $75 million venture capital fund to support early-stage companies. The fund will be called Bloomberg Beta and will invest in startups that are “producing insights from data” and “making the experience of work better.”
The finance industry is under attack from startups. Dealstruck initiated the latest front of this battle today with its crowdfunding alternative to business loans from banks.
Google takes a minority stake in online investment community Lending Club as part of a $125 million secondary transaction.
Online payment network Dwolla has pulled in$16.5 million in a third funding round led by elite venture capital firm Andreessen Horowitz.
Guest Post As the pursuit of business growth becomes even more urgent, companies must overcome these myths.
Online financial management platform Wealthfront raises $20M from Index Ventures, The Social + Capital Partnership, and Greylock Partners.
StudentLoanHero has helped students manage, reduce, and repay over $60 million in student debt.
“I’m very proud that we’re out front, that we’re changing people’s lives, that we’re doing what’s right and just in moving the ball forward,” Cook said today. “I don’t mean to gush, but it’s how I feel.”
BBVA forms $100 million fund to invest in innovative financial startups.
Peer-to-peer lending marketplace Prosper.com raises $20M in new funding to accelerate growth.
Online investment manager Nutmeg opens for business in the U.K.
SprinkleBit’s social investing platform lets novices learn, practice, and finally, trade.
Editor's Pick Profitably, a startup trying to bring deep financial analytics to small and medium businesses, was founded two years ago, in March of 2010. Exactly one year ago this week we reported that the company raised $1.1 million in seed funding to grow its team.
American Express has just earmarked a $100 million fund to “identify and develop innovative technologies that will help… accelerate the company’s digital transformation.”
Lemon.com wants all of your receipts. Instead of having receipts pile up in your inbox, or letting them become an indiscernible wad of paper in your wallet, you can send them to Lemon.com where they’ll be instantly filed and organized.
Union Square Ventures made its first late-stage investment today, leading a $25 million raise for peer-to-peer lending startup Lending Club.
LearnVest, the financial planning site aimed at women, is launching some major new free and premium features today that will make it an even more indispensable tool for taking charge of your finances.
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